Breedon Group (LON:BREE) Stock Passes Below 200 Day Moving Average – What’s Next?

Breedon Group plc (LON:BREE) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 348.36 and traded as low as GBX 325.80. Breedon Group shares last traded at GBX 328.20, with a volume of 1,578,451 shares changing hands.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on BREE. Royal Bank Of Canada cut their price objective on Breedon Group from GBX 575 to GBX 525 and set an “outperform” rating for the company in a research report on Friday, November 7th. Peel Hunt reissued a “buy” rating and issued a GBX 500 price target on shares of Breedon Group in a report on Thursday, November 20th. Finally, Citigroup reduced their price objective on Breedon Group from GBX 360 to GBX 340 and set a “neutral” rating on the stock in a research report on Thursday, November 27th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 476.25.

Breedon Group Price Performance

The firm has a market cap of £1.15 billion, a price-to-earnings ratio of 12.77, a PEG ratio of 1.56 and a beta of 1.29. The company has a quick ratio of 1.12, a current ratio of 1.44 and a debt-to-equity ratio of 44.86. The firm has a fifty day moving average price of GBX 326.92 and a 200-day moving average price of GBX 348.36.

Insider Transactions at Breedon Group

In other news, insider Amit Bhatia sold 200,000 shares of the stock in a transaction dated Monday, December 1st. The shares were sold at an average price of GBX 393, for a total transaction of £786,000. Also, insider Clive Watson bought 7,456 shares of the firm’s stock in a transaction that occurred on Thursday, November 20th. The stock was bought at an average cost of GBX 317 per share, for a total transaction of £23,635.52. Over the last three months, insiders acquired 207,892 shares of company stock worth $76,508,740. 42.58% of the stock is owned by corporate insiders.

Breedon Group Company Profile

Breedon Group plc, a leading vertically-integrated construction materials group in Great Britain, Ireland and the USA, delivers essential products to the construction sector. Breedon holds 1.5bn tonnes of mineral reserves and resources with long reserve life, supplying value-added products and services, including specialty materials, surfacing and highway maintenance operations, to a broad range of customers through its extensive local network of quarries, ready-mixed concrete and asphalt plants.